NBL (Cornwall) CIC

Updated 22 August 2010

Patron:

Lady Mary Holborow, Lord Lieutenant of Cornwall.

Focal Life President:

Garth Netherton.

Chairman:

Jim Cleare.

Vice Chairman:

Roger Webster.

Secretary:

Dave Ede.

NBL (Cornwall) CIC

In November 2007 Focal registered a Community Interest Company (CIC) with the aim of attracting funding for feasibility studies and other activities.

In February 2010 Focal de-registered.

Community Interest Companies (CICs) are a new type of limited company designed specifically for those wishing to operate for the benefit of the community rather than for the benefit of the owners of the company. This means that a CIC cannot be formed or used solely for the personal gain of a particular person, or group of people.

The aim of the CIC incorporation is to attract investors, institutional lenders and local funding agencies to provide funds to allow the company to carry out feasibility studies and pursue marketing activities, such as market research, advertising and promotions.

Learn more about CICs at www.cicregulator.gov.uk


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